Core inflation falls to 7.5% in Oct
Slows despite SBP's rate hike rationale; widening gap benefits banks
The non-energy and non-food inflation eased for the second consecutive month to 7.5% in October, putting a question mark over the central bank's assumption that increasing energy and food prices may "seep into core inflation", which was used to raise its policy rate. With the slowing pace, the difference between core inflation and the policy rate has substantially widened to 4.5% for the benefit of commercial banks,...